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Tag: september

  • Singapore Retail Sales Rise in September, Pace Moderates: Jewellery and Watches Lead Growth

    Singapore Retail Sales Rise in September, Pace Moderates: Jewellery and Watches Lead Growth

    Retail sales in Singapore continued their upward trajectory in September, albeit at a slower rate than in August.

    Retail Sales Trend

    In September, retail sales, excluding motor vehicles, rose by 2 per cent. This is a slight dip compared to the 4.7 per cent increase witnessed in August. The total value of retail sales for September was estimated at SG$3.5 billion ($2.67 billion USD), with online sales accounting for 17.6 per cent of that figure. However, on a seasonally adjusted basis, retail sales in September saw a decline of 2.3 per cent when compared to August.

    Industry Performance

    The watches and jewellery sector remained at the forefront of sales growth in September with a substantial year-on-year increase of 16.6 per cent. This growth was primarily fueled by a surge in jewellery sales. The recreational goods sector trailed behind in second place with an 11 per cent increase, followed by supermarkets and hypermarkets, which saw a 5.1 per cent rise.

    On the other hand, petrol service stations and retailers of clothing and footwear saw a drop in sales by 8 per cent and 3.6 per cent respectively. The food and beverage services also experienced a decline, with sales slipping by 1.6 per cent, a steep fall from the 0.2 per cent decrease reported in the previous month. This slump was largely attributed to the underperformance of the restaurant sector.

    The overall sales value of food and beverage services was estimated at SG$966 million, with online sales representing 26.3 per cent.

    Questions & Answers

    Q: How did the retail sector perform in Singapore in September?
    A: Retail sales, excluding motor vehicles, rose by 2 per cent in September, a slower pace compared to the 4.7 per cent increase in August.

    Q: What sectors led the growth in retail sales in September?
    A: The watches and jewellery sector led the growth with a 16.6 per cent year-on-year increase, followed by the recreational goods sector and supermarkets and hypermarkets.

    Q: Which sectors experienced a decline in sales in September?
    A: Petrol service stations and clothing and footwear retailers saw a decrease in sales, with declines of 8 per cent and 3.6 per cent respectively. The food and beverage services sector also experienced a drop in sales, declining by 1.6 per cent.

  • Singapore’s Retail Sector Sustains Growth in September, Led by Watch and Jewellery Sales Surge

    Singapore’s Retail Sector Sustains Growth in September, Led by Watch and Jewellery Sales Surge

    In September, retail sales in Singapore continued their upward trajectory, albeit at a slower pace than in August.

    Overview of Retail Sales

    Singapore’s retail sales, excluding motor vehicles, witnessed a 2% growth in September. This figure is slightly lower than the revised 4.7% increase recorded in August. The total retail sales value for the month was estimated at SG$3.5 billion (US$2.67 billion), with online sales accounting for 17.6% of this value.

    However, when adjusted for seasonal factors, there was a 2.3% decrease in retail sales in September compared to August.

    Sector-wise Breakdown

    The growth in retail sales was majorly driven by the watches and jewellery sector, which saw a year-on-year increase of 16.6%, largely due to increased jewellery sales.

    Next in line was the recreational goods sector, which exhibited an 11% rise in sales, followed by supermarkets and hypermarkets with a 5.1% increment.

    In stark contrast, both petrol service stations and retailers of apparel and footwear experienced a decline in sales by 8% and 3.6% respectively.

    Food and Beverage Services Sales

    Sales in the food and beverage services sector also declined, registering a 1.6% drop, a more significant decrease compared to the 0.2% drop in the previous month. This downturn was primarily attributed to the underperformance of the restaurant sector. The total sales value for the F&B services sector was estimated at SG$966 million, with online sales constituting 26.3% of this value.

    Questions & Answers

    What was the percentage increase in Singapore’s retail sales for September?
    The retail sales in Singapore saw a 2% increase in September.

    Which sector led the sales growth in September?
    The watches and jewellery sector led the sales growth in September with a 16.6% increase year-on-year.

    Did all sectors see an increase in sales?
    No, the sales of petrol service stations and retailers of apparel and footwear saw a decline, as did the food and beverage services sector.

  • India’s 5g Infrastructure Surges With 6,400 New Stations: Reinforcing Digital Economy Growth

    India’s 5g Infrastructure Surges With 6,400 New Stations: Reinforcing Digital Economy Growth

    In September 2025, India significantly extended its 5G coverage, introducing over 6,400 new 5G base transceiver stations (BTS). This latest data was provided by the Department of Telecommunications (DoT), which also reported that the total count of nationwide 5G BTS has increased to 504,588 compared to 498,135 in August.

    Exponential Expansion of 5G Infrastructure

    The robust additions in September are an upward trend from the 5,615 sites incorporated in August, emphasizing India’s consistent growth in the expansion of next-generation mobile infrastructure. This steady rise, marked by monthly BTS additions consistently surpassing 4,000 since March 2025, is a clear indication of strong operator commitment to a nationwide 5G rollout.

    Key Industry Players

    Vodafone Idea (Vi) made a significant move in expanding its 5G reach by introducing services in Dehradun on September 17, 2025. This is part of Vi’s implementation across 17 priority circles where it aims to utilize its 5G spectrum assets to elevate customer experience and match the competitiveness of market leaders like Reliance Jio and Bharti Airtel.

    Bharat Sanchar Nigam Limited (BSNL), on the other hand, is advancing its focus on indigenous technology with the launch of its fully Indian-developed and manufactured Swadeshi BSNL 4G network. This network, which incorporates a core developed by C-DOT, Tejas Networks’ radio access solutions, and TCS integration, is now connected with over 22 million subscribers across 92,000 sites. The Ministry of Communications has hailed this achievement as a significant milestone in India’s self-reliance efforts for telecom infrastructure.

    Continued Growth and Future Prospects

    The DoT data points to a steady monthly growth in BTS deployments, which is anticipated to continue. As the India Mobile Congress (IMC) 2025 approaches, all major telecom operators are expected to enhance their network expansion and innovation efforts. It is expected that industry giants Reliance Jio, Airtel, and Vi will reveal new 5G and AI-driven solutions during the event.

    The robust expansion of India’s 5G infrastructure solidifies its position as one of the world’s rapidly growing digital economies. This growth lays the groundwork for enhanced connectivity, enterprise innovation, and a robust digital ecosystem.

    Questions & Answers

    What is the total number of 5G BTS in India as of September 2025?
    As of September 2025, the total number of 5G BTS in India is 504,588.

    How is Vodafone Idea (Vi) expanding its 5G reach?
    Vodafone Idea (Vi) is expanding its 5G reach by introducing services in Dehradun and other priority circles, using its 5G spectrum assets to improve customer experience and competitiveness.

    What is the significance of Bharat Sanchar Nigam Limited (BSNL)’s Swadeshi BSNL 4G network?
    The Swadeshi BSNL 4G network is significant as it is fully developed and manufactured in India, marking a major milestone in the country’s self-reliance efforts for telecom infrastructure.

  • September Sees Fruit and Vegetable Exports Soar to Record $1.3 Billion!

    September Sees Fruit and Vegetable Exports Soar to Record $1.3 Billion!

    In a vibrant turn of events, the Vietnam Fruit and Vegetable Association revealed that total exports for the first nine months of 2023 reached an impressive $6.1 billion, reflecting an 8.3% increase year-on-year. September was notably significant, as it was the first month this year to witness a resurgence in growth after a series of declines—a welcome development for the industry.

    Chinese Demand Fuels Growth

    The driving force behind this rebound is predominantly China, which absorbs about 60% of Vietnam’s fruit and vegetable exports. In September alone, shipments to this lucrative market soared to nearly $800 million. Dang Phuc Nguyen, the association’s general secretary, attributed part of this surge to the increased purchasing power spurred by Vietnam’s National Day and the Mid-Autumn Festival, when durian, a favored mooncake filling, sees a spike in demand. “Compared to other exporting countries, Vietnam’s durian prices are currently the lowest and most competitive, matching Chinese consumers’ preference for value,” Nguyen noted with optimism.

    The Durian Boom

    Looking ahead, Nguyen indicated that October is likely to be the pinnacle of the durian boom, as the season’s peak begins to taper off, while off-season supplies could continue into November and December. “Most competitors will be nearly out of stock during this time, giving Vietnamese produce a distinct competitive advantage,” he explained. Beyond durian, various other fruits are expected to thrive as winter sets in, a period when harvests become challenging in many other regions. Thanks to Vietnam’s favorable climate and its efficient transport links—road, rail, and seaport—shipping costs and transit times remain manageable.

    Record Exports on the Horizon

    With growing demand from China and a steady recovery in markets like the U.S., South Korea, and Japan, Vietnam’s fruit and vegetable sector seems poised for continued success. Experts predict that full-year export turnover could reach an astounding $8 billion, marking yet another year of record-setting performance.

    Questions & Answers

    What factors contributed to the growth in Vietnam’s fruit and vegetable exports in 2023?
    The growth was primarily driven by strong demand from China, which accounts for a significant portion of exports, alongside a resurgence of purchasing power due to significant local holidays.

    How did the Mid-Autumn Festival impact durian sales in Vietnam?
    The festival saw a notable increase in demand for durian, traditionally used in mooncake fillings, contributing to a surge in exports during September.

    What competitive advantages does Vietnam have in the fruit and vegetable export market?
    Vietnam benefits from lower durian prices compared to other exporting countries and has a favorable climate along with efficient transport links to China, which reduces costs and transit times.

  • Singapore Government Announces Wage Increase For 53,000 Retail Workers Over Next Three Years

    Singapore Government Announces Wage Increase For 53,000 Retail Workers Over Next Three Years

    The government of Singapore has made public plans to elevate the wages of over 53,000 retail workers residing in the country within the forthcoming three years.

    Progressive Wage Model Adoption

    The Ministry of Manpower revealed their acceptance of the Progressive Wage Model (PWM) on Monday. This model proposes a systematic progression of wages for retail employees based on their levels and the requisite training at each level. Devised by the Tripartite Cluster for Retail Industry (TCR), the PWM aims to ensure that workers’ wages correlate with their skills and productivity.

    As per the PWM, full-time retail assistants and cashiers will see a rise in their baseline monthly gross wages from the current $2175 to $2305 in September. This trend will continue with further increments to $2435 in the subsequent September and $2565 in September 2027.

    Wage Hike for Senior Roles

    There will be similar wage increases for senior retail assistants and cashiers starting from this September. Their wages will increase from the current $2395 to $2535, followed by further increments to $2680 in 2026 and $2820 in 2027.

    The wages of assistant retail supervisors will also be raised from $2635 to $2790 in September, with subsequent increases to $2950 next year and $3100 in 2027. However, the wages of retail supervisors and managers will vary according to market conditions.

    Part-Time Worker Consideration

    Part-time workers who clock in less than 35 hours a week will also benefit from a close to 6% rise in their hourly gross pay from September 1. Further wage increases will continue to be applied in the ensuing years.

    The PWM requirements, which are mandatory, will cover retail employees who are Singapore citizens and permanent residents. A review of the wage schedule will be carried out by the TCR next year.

    Training Requirements

    Employers will have to ensure that their retail workers meet the prescribed training requirements, including the Workforce Skills Qualification module or a relevant qualification from Institute of Higher Learning conferred by MOE-registered educational institutions. Employers will be given a grace period to comply with these training requirements.

    TCR co-chair Ryan Chioh acknowledged the challenges of rising costs and manpower constraints in the industry, but expressed that “the PWM, with structured wage progression and targeted training, helps businesses tackle these pressures while building a skilled and motivated workforce.”

    The PWM recommendations are the result of TCR’s extensive engagement with retail employers, the National Trades Union Congress, and industry associations.

    Singapore Retail Sales Update

    As per the most recent data from the Department of Statistics, retail sales in Singapore (excluding motor vehicles) experienced a modest increase of 0.4% in June, following stagnant growth in May.

    Questions & Answers

    What is the Progressive Wage Model (PWM)?
    The Progressive Wage Model is a wage structure that proposes a systematic progression of wages for retail employees based on their levels and the requisite training at each level.

    Who will be affected by the PWM in Singapore?
    The PWM will impact over 53,000 resident retail workers in Singapore, including full-time and part-time employees who are Singapore citizens and permanent residents.

    What changes will employers need to make in light of the PWM?
    Employers will need to ensure that their retail employees meet training requirements and are paid according to the wage schedule stipulated by the PWM. They will be given a grace period to comply with these changes.

  • September auto sales up 8.5%

    September auto sales up 8.5%

    Auto sales rose by 8.5% in September to 33,463 units as the market slowly recovered amid tightening global spending. September marked a third straight month of increase in sales, according to the Vietnam Automobile Manufacturers Association (VAMA), which excludes the TC Group (which makes Hyundai cars) and VinFast.

    It represented a 247% rise year-on-year, admittedly from a low base as Covid-19 raged at this time last year.

    But it was far below this year’s peak in May when over 43,800 units were sold.

    In the first nine months sales rose 157% year-on-year to 296,403 units. Truong Hai Auto Corporation (Thaco) led with 101,614 units as sales rose by 54%.

    It was followed by Toyota (64,130 units) and Mitsubishi (30,296). Honda and Ford rounded off the top five. TC Group reported sales of 56,320 units, but VinFast has not released numbers.

  • Suzuki Expects 60% Drop In September Production Due To Chip Shortage

    Suzuki Expects 60% Drop In September Production Due To Chip Shortage

    India’s top carmaker Maruti Suzuki said on Tuesday that the global chip shortage will hurt production at its plants in the states of Haryana and Gujarat in September. Total production volume across both locations could be around 40% of normal output, it said in a regulatory filing.

    Top Indian carmakers, like their global peers, have been hit by semiconductor supply chain disruptions during the pandemic, which drove up demand for chips used in electronics like computers as people worked from home, and hit output at many automakers.

    Tata Motors and Mahindra and Mahindra Ltd have already warned of the impact from rising commodity prices and a global shortage of semiconductors, combined with pandemic uncertainty.

    In July, Tata Motors said it expected the chip supply crunch in the second quarter to be greater than in the first, likely resulting in wholesale volumes for its Jaguar Land Rover to be about 50% lower than planned.

    Analysts earlier said Maruti was better positioned than rivals as it was not dependent on a single vendor for chips.

    However, Maruti Chairman RC Bhargava has indicated the semiconductor crisis was not over and that it is difficult to predict what happens next.

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  • Japan factory output and retail sales flat in September

    Japan factory output and retail sales flat in September

    Japan’s factory output and retail sales were flat last month, data showed Monday, painting a bleak picture for the world’s number three economy as the central bank kicks off a policy meeting.

    The lukewarm readings come on the heels of disappointing inflation figures last week and point to a tepid expansion in July-September economic growth, analysts said.

    Japan’s third-quarter growth figures are due later this month.

    The government data on Monday showed Japan’s industrial output for September was unchanged from the previous month, weighed by slower production of certain electronic components, according to the ministry of economy, trade and industry.

    That was well short of a market forecast for a 0.9-percent rise after an on-month expansion in August.

    Retail sales were also unchanged, missing forecasts of a 0.2-percent rise.

    The Bank of Japan kicked off a two-day meeting with a policy announcement expected on Tuesday.

    The BOJ has repeatedly pledged to continue monetary easing as needed until inflation reaches a two percent target, a cornerstone of Prime Minister Shinzo Abe’s economic revival policy.

    More than three years on, however, doubts are growing over Abe’s faltering bid to kickstart growth and conquer a long battle against deflation.

    Japan’s economy contracted in the last three months of 2015, before bouncing back in January-March with a 0.5 percent rise on-quarter and then a 0.2 percent expansion in April-June.

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  • Imports in September down 8.78 percent

    Imports in September down 8.78 percent

    The value of imports in September, which amounted to US$11.30 billion, has dropped by 8.78 percent compared with the previous month, which was US$12.38 billion, the Central Bureau of Statistics (BPS) has said.

    “Indonesias imports in September 2016 amount to US$11.30 billion, down 8.78 percent from August, or down 2.26 percent if compared to September 2015,” BPS chief Suhariyanto said at a press conference in Jakarta on Monday.

    Suhariyanto said non-oil-gas imports in September were valued at US$9.55 billion, down 9.77 percent compared to the previous month. Compared to September 2015, these imports dropped by 0.95 percent.

    Oil and gas imports in September stood at US$ US$1.74 billion, down 2.97 percent compared to the previous month, and down 8.88 percent compared to last September.

    In September, cereal commodities such as wheat touched the highest value in import items at US$39.0 million, or 19.17 percent, while the steepest drop was in the machinery and mechanical equipment category, whose value was US$98.9 million or 5.17 percent.

    The cumulative value of imports from January to September crossed US$98.69 billion, down 8.61 percent compared to the same period last year. The cumulative value of oil and gas imports was US$13.74 billion, down 29.19 percent; non-oil imports were valued at US$84.95 billion, down 4.10 percent.

    The top three countries for non-oil imports in the January-September period were China with a value of US$21.99 billion, or 25.88 percent; Japan with US$9.48 billion, or 11.16 percent; and Thailand with US$6.64 billion or 7.81 percent. “Non-oil imports from ASEAN countries touched 21.82 percent, while from the European Union it was 9.17 percent,” Suhariyanto said.

    The import values of auxiliary raw materials from January to September decreased by 9.8 percent and capital goods by 12.66 percent. However, imported consumer goods shot up by 12.80 percent.